History, asked by sidh8091, 8 months ago

in a market economy, economic motivations encourages companies to compete for what?

Answers

Answered by deepande88

Answer:

Here is your answer!

Explanation:

With money as the main motivating factor for firms and individuals, they look to create new products and technologies to generate higher incomes. In a market economy, firms and individuals are encouraged to innovate to gain a competitive edge.

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